nalinakshi
Short

very Interesting pattern on weekly chart

NSE:KOTAKBANK   KOTAK MAHINDRA BAN
121 2 4
Kotak mahindra is ready to move down, be ready to take sell trade
Comment: ATR is indicating low volatility and DMI has given sell signal, as soon as the volatility picks up you will see slide in price
Comment:
Comment: it will be very good short trade if you execute with proper levels,
Price rejection can be expectecd at 1097 and price trades belwo 1073 expect the first target of 1065 if you hold position it sdwill reach 1021, it may take stwo days kto go there.
Comment: https://tvc-invdn-com.akamaized.net/data/tvc_a6876991459584de657c51c2fb2d099e.png
Comment: it is approaching resistance
Comment: https://tvc-invdn-com.akamaized.net/data/tvc_368a32899657b944042d4e4e308ba84a.png
Comment: 15 minute chart showing resistance and support. to take intraday trade, please click on the link above to get idea
Comment: https://tvc-invdn-com.akamaized.net/data/tvc_bce0ed2d731c8988774b748837365c0b.png
Comment: time materialised
Please inform what would be the SL
Reply
nalinakshi hotpot64
@hotpot64, today momentum took t the price above 1097, first stoplos 1011 and 1031. watch out for price action and take the call
Reply
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